Global Carpooling Market Trends And Strategies Of Major Players In The Carpooling Market 2021-2030
9 Sep, 2021
The carpooling market consists of sales of carpooling which is also known as shared mobility is the most technologically advanced transportation system that enables users to book a short distance ride as and when needed. The sales consist of revenues generated by establishments that are primarily engaged in the booking of the car by online carpooling platforms and app-based carpooling.
Global Carpooling Market Size And Drivers:
The global carpooling market is expected grow from $13.06 billion in 2020 to $20.56 billion in 2021 at a compound annual growth rate (CAGR) of 57.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $35.29 billion in 2025 at a CAGR of 14%. Government initiatives to minimize the carbon emissions is likely to drive the carpooling market. Major metropolitan cities have traffic congestion with increase in the vehicle density on the roads, increasing the carbon emissions. The initiatives to keep a check on carbon emissions thereby contribute to the growth of the market.
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Trends In The Global Carpooling Market:
Automobile manufacturers are increasingly venturing into mobility services to cater to the growing demand for car-pooling services. For instance, major automobile manufacturers, namely BMW and Daimler have merged their car-sharing ventures to expand geographically in 2018. Similarly, in February 2020, Tesla announced plans to launch ride-sharing application. Automakers investing in carpooling applications will contribute to the growth of the market.
Global Carpooling Market Segments:
The global carpooling market is further segmented –
By Type: Online Carpooling Platforms, App-based Carpooling
By Application: Businesses, Individuals, Schools, Others
By Car Type: Economy, Executive, Luxury
By Geography: The global carpooling market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Carpooling Market At:
https://www.thebusinessresearchcompany.com/report/carpooling-market-global-report-2020-30-covid-19-growth-and-changeCarpooling Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides carpooling market overviews, analyzes and forecasts market size and growth for the global carpooling market, carpooling market share, carpooling market players, carpooling market segments and geographies, carpooling market’s leading competitors’ revenues, profiles and market shares. The carpooling market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.